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Edmonton real estate market - Home Prices Drop in July
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4 N& m3 P* S$ O) i8 aInformation was from the follow link:
$ O! `, k8 m# X2 y7 m7 P$ ?http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html
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Here is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:
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New listings: 456 (492, 455, 529)! l' X- g: J n8 e7 J. T3 G
# Sales: 198 (276, 228, 218)
z8 l6 y, a6 S9 g& l4 W- |Ratio: 43% (56%, 50%, 41%)
' S- I) u$ F* |! O3 V- y# Price changes: 341 (390, 363, 369)3 l5 x4 o; Y6 V0 L5 U8 _1 ~
# Expired/Off Market Listings: 174 (221, 226, 204)
7 t( r3 b& d. _+ i5 B8 G" r2 L3 hNet loss/gain in listings this week: 84 (-5, 1, 107)
; Q) g8 t. f& P* q1 L( RActive listings for single family homes: 3454 (3395, 3374, 3329)
V# q& G( X* ?0 a6 ~ n3 B; AActive listings for condos: 2253 (2232, 2209, 2217)
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6 M( D2 k2 k2 r! o6 H1 S' yInventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing.
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The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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